Tanya Baxter Contemporary is an Art Advisory Based in London and Hong Kong for over twenty years. We work with top contemporary, modern British, blue chip artworks and at this year’s Art Stage Singapore exhibited artwork will include David Hockney iPad Drawings; Banksy original Bomb Love, 2003, along with Choose your Weapon and Bomb Middle England; a stunning limited edition Francis Bacon Seated Figure, 1977; Damien Hirst Minnie, 2016; a Frank Auerbach drawing, Study for from the Studios, 1986; a Picasso Linocut, Femme dans un Fauteuil et Guitariste and stunning work by the contemporary classical Chinese Painter Zeng Chuanxing. We will also be showcasing a collection of limited edition lithographs by British Artist Tracey Emin, Inside your Heart, 2014; I think of You; HRH Royal-Britannia, 2012; Move, 2016; Sometimes I feel lonely but it’s ok and Believe in Extraordinary, 2015.

As the Asian economy shifts towards a more consumption-driven model, the government has shown stronger support for the arts and culture industry. Over the past three years in particular, museums founded by private collectors have flourished, building a stronger than ever appetite for museum-quality artworks to fill their exhibition halls. From 2000 to 2017 the wealth per adult in China also grew by a staggering amount and the country now has more residents with wealth exceeding $50 million than any country except the United States. As this high net worth community has grown, art collecting has emerged as its own lifestyle and as an increasingly desirable form of alternative investment.

David Hockney recently made history by becoming the most expensive living artist with the sale of Portrait of an Artist (Pool with Two Figures) for $90.3 million, which beat out Jeff Koons earlier record of $58.4 million. Portrait of an Artist was snapped up after 9 minutes of bidding at Christie’s New York last week.

Elsewhere the market is also showing buoyancy, with recent Frieze week auctions totaling $191,970,671. Leading the sales was Francis Bacon, Figure in Movement, 1972, that sold for $26,079,207in the Post War and Contemporary Art Evening Auction last week at Christie's, London. A Frank Auerbach painting sold at Frieze Masters for over $5.9 million, above the artist’s current auction record. At Sotheby’s Contemporary Evening Sale Jenny Saville’s Propped, 1992, fetched $12.4 million (with fees) – double its high estimate – to become the most expensive work by a living female artist at auction.

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